Product Overview
|
Product
Features |
Freedom
Plus
Checking
Account |
|
|
|
|
HSA |
|
ISB Money Market |
|
Free
Online Banking |
X |
X |
X |
X |
X |
X |
X |
X |
| Free
Tele Banking |
X |
X |
X |
X |
X |
X |
X |
X |
| Free
ATM or Debit Card |
X |
X |
X |
X |
|
X |
X |
X |
| Direct
Deposit Capabilities |
X |
X |
X |
X |
|
X |
X |
X |
| Direct
Payment Capabilities |
X |
X |
X |
X |
|
X |
X |
X |
| Interest
Bearing |
X |
|
X |
X |
X |
X |
|
X |
| No
Monthly Service Charge |
X |
|
|
|
|
|
|
|
| Minimum
Balance Requirement |
|
X |
X |
X |
X |
|
|
X |
| Receive
check images back by mail |
|
X |
|
|
|
|
X |
|
| Overdraft
protection plan available |
X |
X |
X |
|
|
|
|
X |
| Coin
/ Currency Service |
X |
X |
X |
X |
X |
X |
X |
X |
| Merchant
Processing |
|
|
|
|
|
|
X |
|
| Wire
Transfer |
X |
X |
X |
|
|
X |
X |
X |
| Visa
/ Mastercard |
X |
X |
X |
X |
X |
X |
X |
X |
| Retirement
Accounts |
X |
X |
X |
X |
X |
X |
X |
X |
| Seniors
Club |
X |
X |
X |
X |
X |
X |
|
X |
| Safe
Deposit Boxes |
X |
X |
X |
X |
X |
X |
X |
X |
| Night
Depository |
X |
X |
X |
|
|
X |
X |
X |
| Business
Retirement Accounts |
|
|
|
|
|
|
X |
|
| FDIC
Insured |
X |
X |
X |
X |
X |
X |
X |
X |
| Unlimited
Transactions |
X |
X |
X |
X |
|
X |
X |
|
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Important
Information About Opening An Account
On September 11, 2001, our lives changed forever. In an effort
to protect you and our country, the USA PATRIOT Act was signed
into law. To help the government fight the funding of terrorism
and money laundering activities, Federal law requires all financial
institutions to obtain, verify and record information that identifies
each person who opens an account.
When you open
an account, we will ask for your name, address, date of birth
and other information that will allow
us to identify you.
We may ask to see your driver’s license or other identifying
documents.
We proudly support all efforts to protect and maintain
the security of our customers and our country.
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Checking
|
Freedom
Checking Plus
A
checking account in which no minimum balance is required,
interest
is compounded and credited monthly, and there are no monthly
service charges.
|
| Regular
Checking
A
complete record-keeping system for your personal financial
transactions and tax preparation, with a monthly statement.
Pay bills through the mail safely and quickly, while developing
a personal credit history.
|
Now
Account
A
complete record-keeping account which pays interest
that is compounded and credited monthly and allows unlimited
check writing, requires a minimum balance of $900.00 or a $1,500.00
average, and includes a monthly statement. Monthly fees apply
if requirements have not been made.
|
|
Iowa
Savings Bank Money Market
A
checking account which pays interest
that is compounded and credited monthly which allows 6 debits
(3 can be check debits) and unlimited credits. Requires a
minimum balance of $2500 and includes a monthly statement.
Monthly fees apply if requirements have not been made.
Terms:
- Minimum
Balance $2,500. If Balance falls below $2,500 during a statement
cycle, the account will be charged $10.00
- Limited
to 6 Debts per month, only 3 of which can be checks. (Refer
to Regulation D transaction rules)
- Truncated
account (Can be changed at account level for special circumstances)
- Interest
paid monthly at end of month
- Variable
interest rate. Tied to 90 day Treasury Bill, as published
in the Wall Street Journal. Changes weekly on Tuesday’s
(or if Monday is a holiday, it will change on Wednesday).
Margins for each tier can be changed without notice.
- Tiered
account. Rates vary based on balance in account.
| $0.00
to $24,999.99 |
90
Day Treasury Bill less 2.75% |
| $25,000,.00
to $49,999.99 |
90
Day Treasury Bill less 1.25% |
| $50,000
to $99,999.99 |
90
Day Treasury Bill less 1.00% |
| $100,000.00 or more |
90 Day Treasury Bill less 0.80% |
|
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Savings /
ATS
An account which
draws
interest
and
is paid
monthly.
You will receive a quarterly statement unless you have a checking account in which statements are received monthly. Automatic transfers
(ATS) to
and from this account are available. Minimum balance of $100.00.
Students to age 18, no monthly charge.
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Time Certificates
of Deposit (CDs)
We can designate
a rate
and maturity for your specific needs. Standard maturities 6 month,
1 year, 2 year, and 3 year. Federal regulations require a substantial
penalty for early withdrawal. Minimum balance required.
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Health Savings Account (HSA)
Iowa Savings Bank was a pioneer in offering Health Savings Accounts and remains committed to offering a high level of in-house expertise, assistance to employers, and extremely cost-efficient accounts. These extraordinary tax-advantaged accounts are a great option for those who qualify. Stop in and ask for a free booklet or call and say “Tell me about your Health Savings Accounts”. Read about them now by clicking on this link: http://www.treas.gov/offices/public-affairs/hsa/
You will need Adobe Acrobat Reader to view the booklet. If you do not have Adobe you can click the Adobe Icon below to download a free copy of it.

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Credit
Cards
Iowa Savings
Bank is proud to offer you a locally serviced credit card. Any questions
you have about your card can be answered by calling or stopping
in at the bank! Like to view your statements online? Simply go to
www.mycardstatement.com
to view your transactions, statements and make payments to your
Iowa Savings Bank credit card.
Verified
by Visa is the new service - exclusively for Visa
cardholders that offers you added safety by helping ensure that
only you can use your Visa card online. You simply create a unique
password to confirm your identity.
There is no
need to get a new card. Verified by Visa works with your Iowa Savings
card. You will enjoy security when you buy online at participating
stores. Why not create your own password right now by going to http://www.visa.com/verified.
To apply for
the Iowa Savings Bank VISA or MasterCard, print out an online
application and send it to the bank.
You will
need Adobe Acrobat Reader to print the application. If you
do not have Adobe you can click
here to download
a
free
copy
of it.
|
The
Iowa Savings Bank MasterCard and VISA Benefits |
Toll
Free Travel Reservation Service
You
can save money while conveniently making any personal or business
transportation, lodging, cruise and tour reservations. The travel
Reservation Center is available to you 24 hours a day 1-800-778-1725.
When you call, you will need to provide the travel ID number
found on your membership card. |
Bonus
Travel Dividends
Receive
coupons redeemable for 5% dividend on all scheduled airline,
lodging, car rental, cruises, and tours purchased. Some exceptions
do apply. |
Auto
Rental Discounts
Save
up to 25% at most Hertz, Avis and National Car Rental location. |
Credit
Card Registration
Register
all of your credit cards in one convenient place. Simply call
toll free 1-800-252-2514 to apply. |
Key
Registration
If
you should lose your keys, finder can simply drop them in a
mail box and keys will be returned to you, postage paid. |
Auto
Rental Insurance*
Unlike
other programs that require you to first submit a claim to your
personal auto carrier, Iowa Savings Bank provides a first line
of defense (PRIMARY) coverage due to a covered loss. It can
help keep your auto rates from increasing due to claims. |
Travel
Protection
As
a cardholder, you are automatically eligible to receive up to
$1,250 reimbursement for amounts paid for direct physical loss
or damage to Checked and/or Carry-On Baggage and personal property
contained therein. |
Medical
Assistance
Receive
24 hour, 365 days of the year, medical information from a global
network of general physicians, dentists, hospitals and pharmacies.
Simply call 1-877-860-1099 for assistance. |
Vision
Care
Save
up to 50% from retail prices on vision care at any NVA participating
provider. Simply call 1-800-426-1094
and
follow the phone prompts, and you are on your way to great savings.
Visit www.npa.com
to find out NVA providers near you. |
Discount
Pharmacy
Save
up to 50% from retail prices on prescription drugs. To submit
an order, simply get a prescription from your doctor and then
call 1-866-222-3433 for personal assistance. You'll be mailed
everything you need including preaddressed envelopes for submitting
your prescription. |
Personal
Shopper
Shop
by phone and find the best price available that includes a convenient
purchasing option. Simply call 1-866-333-5066 for assistance. |
Quarterly
Newsletter
Each
quarter you receive an informative newsletter, Cardholder Vantage
Point, with your credit card statement. You'll find interesting
articles on financial matters as well as dining, entertainment,
shopping and travel. So be sure to look for upcoming issues!
|
|
CREDIT
TERMS |
| Annual
Fee |
NONE |
| Annual
percentage rate for purchases, cash advances and balance transfers |
12.75% as of May 9, 2008 |
| Variable
Rate Information |
Your Annual
Percentage Rate (APR) may vary quarterly. The rate will be the
New York Prime rate as published in the Wall Street Journal
("Index") on the 1st business day of January, April,
July and October plus 5.0%. The rate has a ceiling of 21% and
a floor of 9.75%. |
| Grace
period for purchases |
If you
pay your new balance in full within 25 days of your billing
date each month you will avoid charges on purchases. |
| Method
of computing the balance for purchases |
Average
daily balance (including new purchases) |
| Cash
Advance Fee |
2% for
each cash advance, with a minimum of $2 and no maximum |
| Late
and overlimit Fee |
$15.00 |
| Other
Fees |
Return
Check - $10 |
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ATM / Debit
Cards
ATM Cards
For
your convenience Iowa Savings Bank's Automatic Teller machines are
available in safe locations. Iowa Savings Bank is a member of the
Privileged
Status Group. By using one of our many ISB ATM locations
or any ATM with a Privileged Status logo, no fee will be incurred.
Apply for a card for your emergency and regular use anywhere throughout
the world where one of the following symbols are shown:
Debit Cards
The
Iowa Savings Bank's "Check Card" provides instant access
for cash from checking and savings accounts through automated teller.
The ISB Check Card can be used at any VISA location worldwide for
hassle free purchases, direct from your checking account. This modern
convenience eliminates the need to carry a bulky checkbook and is
available for use with any of our checking products. Apply for a
card today.
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Seniors Club
The
Iowa Savings Bank's Heritage Club is for Very Special People over
the age of 55. As an Iowa Savings Bank Heritage Club Member, you
will receive a wide array of unique benefits
specifically geared to our special members. Can't be shy with this
group... their motto is "Come Join The Fun!"
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Loans
We
provide all types of loans for personal,
business,
farm
or corporate
need. Visit with a member of our loan
officer staff to design a loan for you. Credit Life
and Health and Accident Insurance can be provided at state of Iowa
prescribed rates on most loans to provide family and financial security.
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Retirement
Accounts
Traditional
IRAs In
addition to annual contributions, traditional IRAs can also accept
rollovers from 401k or 403b
retirement
accounts when you leave an employer or are eligible to transfer
funds. All of our IRAs have a self-direct feature and permit numerous
beneficiary designation options.
ROTH IRAs
Although
contributions are not deductible, withdrawals at retirement may
be completely tax free and more tax deferral options past age
70½ exist than for traditional IRAs.
Coverdell
Education IRAs have
a maximum annual funding of $2,000 per designated beneficiary,
a big increase from the former $500 limit. There are income limitations
for contributors ($110,000 single / $220,000 joint).
The right plan
for you depends on many personal and business factors. The descriptions
above are just highlights and not intended to be comprehensive or
to be legal advice. We recommend that you select the best plan after
consultation with your attorney or tax advisor
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|
*Insurance
products are:
- NOT
A DEPOSIT
- NOT
FDIC-INSURED
- NOT
INSURED BY ANY FEDERAL GOVERNMENT AGENCY
- NOT
GUARANTEED BY THE BANK
- MAY
GO DOWN IN VALUE
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